Claro Advisors LLC Sells 381 Shares of Shopify Inc. (NYSE:SHOP)

Claro Advisors LLC reduced its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,306 shares of the software maker’s stock after selling 381 shares during the quarter. Claro Advisors LLC’s holdings in Shopify were worth $564,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SHOP. Kieckhefer Group LLC bought a new position in Shopify during the fourth quarter worth $175,000. Fiduciary Alliance LLC boosted its stake in Shopify by 13.2% during the fourth quarter. Fiduciary Alliance LLC now owns 13,865 shares of the software maker’s stock worth $1,474,000 after acquiring an additional 1,615 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in Shopify by 18.8% during the fourth quarter. Aprio Wealth Management LLC now owns 3,502 shares of the software maker’s stock worth $372,000 after acquiring an additional 555 shares in the last quarter. RMR Wealth Builders boosted its stake in Shopify by 2.9% during the fourth quarter. RMR Wealth Builders now owns 10,846 shares of the software maker’s stock worth $1,153,000 after acquiring an additional 305 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its stake in Shopify by 53.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 1,720 shares of the software maker’s stock worth $183,000 after acquiring an additional 600 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Shopify Price Performance

Shares of NYSE:SHOP opened at $101.67 on Tuesday. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $131.37 billion, a PE ratio of 95.02, a P/E/G ratio of 2.98 and a beta of 2.46. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $120.72. The company has a 50-day moving average price of $107.82 and a two-hundred day moving average price of $84.79.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SHOP shares. Moffett Nathanson increased their target price on shares of Shopify from $86.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. DZ Bank lowered shares of Shopify from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. The Goldman Sachs Group upped their price objective on shares of Shopify from $88.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays upped their price objective on shares of Shopify from $70.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $70.00 price objective on shares of Shopify in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Shopify currently has an average rating of “Moderate Buy” and a consensus target price of $100.31.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.